Samsung Utilizes Blockchain Technology as an Innovative Instrument to Combat Climate Change

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Samsung-HQ
Samsung-HQ

This Monday, January 3, 2022, Samsung¬†Electronics America held the CES Tech Conference alongside blockchain-based climate solutions firm Veritree in Las Vegas. In the particular event, the partnering companies announced¬†their intentions to plant 2 million mangrove trees in the heart of Madagascar in the coming few months. However, what caught the most attention was the joint project’s announcement that it would be utilizing blockchain technology as a principal instrument to pull off the environmental-friendly feat, garnering the praise of environmentalists and the blockchain community alike.

As per the announcement, the blockchain-powered tree-planting project is part of the leading tech company’s revitalized push for environmental sustainability, specifically its action plan to hide away carbon dioxide from the atmosphere itself. Samsung reportedly intends to restore over 200 hectares of land and isolate about 1 billion pounds of carbon dioxide it captured from the atmosphere for the next 25 years.

As for Veritree, the climate solutions platform developed by Tentree, a sustainable apparel firm planting 10 trees for every clothing item they manage to sell, would reportedly be tasked to handle the project’s logistics. Using its special blockchain tools, Veritree intends to supply the project with great transparency in several aspects, including site planning, impact monitoring, field-level data collection, and tree inventory. According to the announcement, Veritree would make it possible that tree planters may promptly use their mobile phones to track trees that a particular sponsor has paid to plant, essentially creating an innovative digital map for the particular trees.

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